Author: PPD Team Date: 04/12/2024
Solar Industries India and its subsidiary have secured export orders worth Rs 20.39 billion for the supply of defence products to international clients.
The deliveries will span four years.
In November, the company received another export order valued at Rs 3.99 billion from an overseas customer, to be fulfilled within three years.
Author: PPD Team Date: 26/03/2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing…
Author: PPD Team Date: 05/02/2025 EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California. The project has a solar capacity of 375 MWdc/300 MWac and an energy storage capacity of 150 MWac/4 hours, delivering power to the Clean Power Alliance under a 20-year power purchase agreement. Located on Federal lands managed by the Bureau of Land Management, Desert…
Author: PPD Team Date: 14/11/2024 PFC Consulting Limited (PFCCL) has established Wahipora and Sallar Transmission Limited for the transmission project involving the construction of grid substations at Wahipora and Sallar in Kashmir. The project encompasses the downstream transmission network from the upcoming 400/220 kV Grid Sub-Station at Siot, Rajouri, as well as a new 220 kV grid substation at Bhagthali, Kathua, including a 220 kV line and Line-In Line-Out (LILO) tapping from the existing 220…
Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity shares at a price band of Rs 102-108 and received bids for 1.43 billion shares, based on stock exchange data. The subscription breakdown revealed that the qualified institutional buyer category was subscribed 3.32 times,…
Author: PPD Team Date: 13/06/2025 SEPC Power Private Limited has received a Letter of Award (LoA) worth Rs 6,500 million from Parmeshi Urja Limited on June 10, 2025. The contract is for setting up a cumulative 133 MW decentralised solar power capacity in Maharashtra. Parmeshi Urja is a wholly-owned subsidiary of India Power Corporation Limited (IPCL). The project is part of a broader 225 MW decentralised solar initiative for feeder-level solarisation under the Mukhyamantri Saur…
Author: PPD Team Date: 23/12/2024 Sterling and Wilson Renewable Energy Limited (SWREL) has won a Rs 12 billion contract for a 500 MW AC solar photovoltaic project in Gujarat. The project includes design, engineering, procurement, and construction (EPC) for the Balance of System (BOS) and a three-year operations and maintenance (O&M) contract. This month, SWREL secured a Rs 5.04 billion contract to develop a 305 MW AC / 396 MWp DC solar photovoltaic plant in…
Author: PPD Team Date: 26/03/2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing…
Author: PPD Team Date: 05/02/2025 EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California. The project has a solar capacity of 375 MWdc/300 MWac and an energy storage capacity of 150 MWac/4 hours, delivering power to the Clean Power Alliance under a 20-year power purchase agreement. Located on Federal lands managed by the Bureau of Land Management, Desert…
Author: PPD Team Date: 14/11/2024 PFC Consulting Limited (PFCCL) has established Wahipora and Sallar Transmission Limited for the transmission project involving the construction of grid substations at Wahipora and Sallar in Kashmir. The project encompasses the downstream transmission network from the upcoming 400/220 kV Grid Sub-Station at Siot, Rajouri, as well as a new 220 kV grid substation at Bhagthali, Kathua, including a 220 kV line and Line-In Line-Out (LILO) tapping from the existing 220…
Author: PPD Team Date: 26/11/2024 NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC, received an overall subscription of 2.4 times for its initial public offering (IPO) on the final day of bidding. The IPO offered 593 million equity shares at a price band of Rs 102-108 and received bids for 1.43 billion shares, based on stock exchange data. The subscription breakdown revealed that the qualified institutional buyer category was subscribed 3.32 times,…
Author: PPD Team Date: 13/06/2025 SEPC Power Private Limited has received a Letter of Award (LoA) worth Rs 6,500 million from Parmeshi Urja Limited on June 10, 2025. The contract is for setting up a cumulative 133 MW decentralised solar power capacity in Maharashtra. Parmeshi Urja is a wholly-owned subsidiary of India Power Corporation Limited (IPCL). The project is part of a broader 225 MW decentralised solar initiative for feeder-level solarisation under the Mukhyamantri Saur…
Author: PPD Team Date: 23/12/2024 Sterling and Wilson Renewable Energy Limited (SWREL) has won a Rs 12 billion contract for a 500 MW AC solar photovoltaic project in Gujarat. The project includes design, engineering, procurement, and construction (EPC) for the Balance of System (BOS) and a three-year operations and maintenance (O&M) contract. This month, SWREL secured a Rs 5.04 billion contract to develop a 305 MW AC / 396 MWp DC solar photovoltaic plant in…
Author: PPD Team Date: 26/03/2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing…
Author: PPD Team Date: 05/02/2025 EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have announced the operational status of their Desert Quartzite solar+storage project in Riverside County, California. The project has a solar capacity of 375 MWdc/300 MWac and an energy storage capacity of 150 MWac/4 hours, delivering power to the Clean Power Alliance under a 20-year power purchase agreement. Located on Federal lands managed by the Bureau of Land Management, Desert…